Envestnet Company Profile (NYSE:ENV)

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet, Inc (NYSE:ENV) announced its quarterly earnings data on Wednesday, May, 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $157.80 million for the quarter, compared to analysts' expectations of $155.56 million. Envestnet had a negative net margin of 9.55% and a positive return on equity of 5.86%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. View Envestnet's Earnings History.

Envestnet updated its second quarter earnings guidance on Wednesday, May, 10th. The company provided earnings per share (EPS) guidance of $0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31. The company issued revenue guidance of $163-165 million, compared to the consensus revenue estimate of $162.03 million.

4 brokers have issued 12 month price targets for Envestnet's shares. Their predictions range from $40.00 to $48.00. On average, they anticipate Envestnet's stock price to reach $44.33 in the next year. View Analyst Ratings for Envestnet.

Here are some recent quotes from research analysts about Envestnet stock:

• 1. According to Zacks Investment Research, "Envestnet, Inc. is an independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. The Company's technology platform allows financial advisors to provide their clients with a wide range of investment solutions and services. It offers risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, tax management and socially responsible investing, aggregated multi-custodian performance reporting and communication tools, as well as access to a range of third-party asset custodians. Envestnet focuses its technology development efforts and its sales and marketing approach on addressing financial advisors' front, middle and back office needs. Envestnet, Inc. is headquartered in Chicago, Illinois. " (4/25/2017)
• 2. Jefferies Group LLC analysts commented, "2017 revenue guidance was a bit weaker than we expected as mgmt. struck a somewhat cautious tone with regard to the near-term opportunity. Although adjusted EBITDA held up well, net/net, consensus numbers are likely biased downward. If we dig deeper, fundamentals more-or-less look intact longerterm. We view any potential stock weakness as a buying opportunity." (3/24/2017)

Some companies that are related to Envestnet include RealPage (RP), Ringcentral (RNG), HubSpot (HUBS), Luxoft Holding (LXFT), MicroStrategy Incorporated (MSTR), The Descartes Systems Group (DSGX), Ebix (EBIX), Q2 Holdings (QTWO), AppFolio (APPF), Benefitfocus (BNFT), Varonis Systems (VRNS), Talend S.A. (TLND), Fidessa Group plc (FDSA), Mitel Networks Corporation (MITL), Instructure (INST), PROS Holdings (PRO), Workiva (WK) and Apptio (APTI).

Envestnet's management team includes the folowing people:

• Judson T. Bergman, Chairman of the Board, Chief Executive Officer
• William C. Crager, President
• Anil Arora, Vice Chairman of the Board
• Peter H. D'Arrigo, Chief Financial Officer
• Joshua David Mayer, Chief Operating Officer
• Scott Grinis, Chief Technology Officer
• Brandon R. Thomas, Chief Investment Officer
• Shelly O'Brien, Chief Legal Officer, General Counsel, Corporate Secretary
• Luis A. Aguilar, Independent Director
• Ross K. Chapin, Independent Director

Envestnet's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Janus Capital Management LLC (7.97%), Vanguard Group Inc. (7.52%), TimesSquare Capital Management LLC (5.15%), Van Berkom & Associates Inc. (3.50%), DF Dent & Co. Inc. (3.48%) and Stephens Investment Management Group LLC (3.11%). Company insiders that own Envestnet stock include Anil Arora, Brandon Thomas, Charles Roame, Gayle A Crowell, Gregory A Smith, Joshua Mayer, Judson Bergman, Peter D'arrigo, Scott D Grinis, Shelly O'brien and William Crager. View Institutional Ownership Trends for Envestnet.

Envestnet's stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Goldman Sachs Group Inc., Summit Creek Advisors LLC, King Luther Capital Management Corp, Morgan Stanley, Dimensional Fund Advisors LP, First Trust Advisors LP and Public Employees Retirement System of Ohio. Company insiders that have sold Envestnet stock in the last year include Anil Arora, Gayle A Crowell, Joshua Mayer, Judson Bergman, Scott D Grinis, Shelly O'brien and William Crager. View Insider Buying and Selling for Envestnet.

Envestnet's stock was bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., OppenheimerFunds Inc., TimesSquare Capital Management LLC, Vanguard Group Inc., Stephens Investment Management Group LLC, Henderson Group PLC, Champlain Investment Partners LLC and Pioneer Investment Management Inc.. Company insiders that have bought Envestnet stock in the last two years include Charles Roame, Gayle A Crowell, Gregory A Smith and Judson Bergman. View Insider Buying and Selling for Envestnet.

Shares of Envestnet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Envestnet stock can currently be purchased for approximately $38.70.